Why do I need to evaluate land plots?

Land valuation is often carried out to determine the market value of a plot. As a rule, it must be carried out in the implementation of various transactions relating to this resource.

The evaluation of land plots is divided into severalspecies (depending on the methods of its implementation and the goal pursued). The first type of assessment is called soil bonitization and it is a component of the state cadastre, the basis for the economic evaluation of land in the future. The data obtained from this assessment are taken into account when determining the suitability of soil for growing crops.

The second type of land valuation is economic valuation. The data on it form the basis of the normative assessment of the land, the analysis of the efficiency of the use of the site and the determination of the economic suitability of agricultural lands for growing crops.

And, finally, the third type - the monetary evaluation of the siteof the earth. It, in turn, can be normative and expert, which also depends on the purpose, and, of course, the order of its conduct. The normative assessment of land is used to determine the amount of land tax, state fee when donating or minuating a plot, rent for a plot, loss of production. This assessment is also used to develop indicators and mechanisms to encourage the proper use of land.

Most appraisal companies are engaged in carrying out expert monetary valuation, so it is advisable to consider this species in more detail.

Often expert evaluation of land is ordered for:

-conducting a standard land purchase and sale transaction;

transfer of the plot on bail;

-accounting;

- Division of property in case of divorce or other litigation.

As a rule, the assessment of land plots includesIdentify the purpose of the assessment, survey the site and determine the situation on the land market, analyze the package of documents from the customer, justify the effective use of land, choose an approach for evaluation, calculate the value of the object, finalize the results of work (report and output). The above actions and their sequence can be changed by appraisers, if necessary. Some steps can be omitted.

If we talk about a package of documents thatthe customer is required to provide for the evaluation of the site, it may differ (in many respects it depends on whether the natural or legal person is the customer), as well as on the purpose of the object and the purposes of the assessment. So, if the site owner is a legal entity, more documents will be required, and the evaluation process will take more time.

In most cases, the list of mandatorydocuments you can find an act of ownership, as well as a passport (required), a cadastral statement of land, the charter of the legal entity, other documents for the land, if any, photographs of the object. As mentioned above, experts can request additional documents if necessary. It is important that all copies must be notarized.

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